Historical month-by-month and year-by-year returns
Based on 24 calendar years of monthly closes, starting 2003.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.7% | −0.6% | 39% | +28.8% | −13.2% |
| February | −1.2% | −1.3% | 39% | +26.4% | −21.6% |
| March | −0.8% | −1.2% | 35% | +20.4% | −12.3% |
| April | −2.5% | −2.7% | 43% | +13.2% | −17.2% |
| May | +2.1% | +1.6% | 61% | +21.3% | −11.2% |
| June | +1.7% | +1.6% | 70% | +18.3% | −20.0% |
| July | +1.0% | −5.8% | 48% | +31.2% | −17.1% |
| August | 0.0% | −0.2% | 50% | +14.4% | −19.9% |
| September | −1.5% | −2.2% | 43% | +17.5% | −18.0% |
| October | +1.0% | +0.2% | 52% | +17.9% | −11.7% |
| November | +3.5% | +1.8% | 65% | +23.4% | −15.7% |
| December | −0.2% | −1.7% | 43% | +29.0% | −20.6% |
| Year | Return |
|---|---|
| 2025 | −12.8% |
| 2024 | −1.5% |
| 2023 | +24.4% |
| 2022 | −35.6% |
| 2021 | −11.3% |
| 2020 | +48.5% |
| 2019 | +49.5% |
| 2018 | −44.2% |
| 2017 | +10.8% |
| 2016 | +4.2% |
| 2015 | +14.0% |
| 2014 | −31.7% |
| 2013 | +62.4% |
| 2012 | +54.4% |
| 2011 | −24.8% |
| 2010 | −9.6% |
| 2009 | +18.1% |
| 2008 | −28.9% |
| 2007 | −9.7% |
| 2006 | −43.1% |
| 2005 | +21.1% |
| 2004 | +34.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.